‘Twitter’s User Growth Slows to a Crawl’ – ‘Entrepreneur’ Blog
Reuters team says, “Twitter Inc’s quarterly earnings and revenue blew past expectations, but its monthly average user number grew at its slowest pace since it went public in 2013, and its shares fell about 7 percent after hours.
“We do not expect to see sustained meaningful growth in maus until we start to reach the mass market,” Chief Financial Officer Anthony Noto said, referring to monthly active users of the microblogging service.
The company said on Tuesday it had 304 million core users in the second quarter, up from 302 million in the prior quarter.
“This is unacceptable and we’re not happy about it,” Jack Dorsey, who stepped in as interim chief executive on July 1, said on a call with analysts“.
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